(1) The amount of the person’s life insurance protection ceasing because of the termination or amendment of the group policy, less the amount of any life insurance for which she or he is or becomes eligible under any group policy issued or reinstated by the same or another insurer within 31 days after such termination; or
(2) Ten thousand dollars.
History.—s. 540, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 438, 448, 809(2nd), ch. 82-243; s. 79, ch. 82-386; s. 114, ch. 92-318; s. 337, ch. 97-102.
Structure Florida Statutes
Chapter 627 - Insurance Rates and Contracts
Part V - Group Life Insurance Policies (Ss. 627.551-627.575)
627.551 - Group contracts and plans of self-insurance must meet group requirements.
627.5515 - Out-of-state groups.
627.556 - Credit union groups.
627.5567 - Group life insurance; association groups.
627.5575 - Group life insurance for dependents.
627.558 - Provisions required in group contracts.
627.561 - Application; statements deemed representations.
627.563 - Misstatement of age.
627.564 - Payment of benefits.
627.566 - Conversion on termination of eligibility.
627.567 - Conversion on termination of policy.
627.568 - Death pending conversion.
627.5685 - Continuance of coverage during disability.
627.5686 - Waiver of premium for disabled insured.
627.569 - Use of dividends, refunds, rate reductions, commissions, service fees.
627.5725 - Notification to insureds of cancellation or expiration.
627.573 - Replacement or termination of group life insurance; liability of prior insurer.
627.574 - Liability of succeeding insurer on replacement of group policy.